Posts by admin

Slovenia: Government Announces of Tax Cash Register System

February 7, 2015

The government approved the introduction of a tax cash register system on 5 February 2015. The Act will be published...

OECD to present BEPS action plan developments to the G20 Finance Ministers

February 6, 2015

The OECD is to give a presentation on the project on base erosion and profit shifting (BEPS) to the G20...

IMF reports on discussions on Pakistan’s economic position

February 6, 2015

The IMF has held meetings with officials from Pakistan to conduct discussions as part of the sixth review under its...

Luxembourg: Formalization of New Transfer Pricing Legislation and Documentation Requirements

February 6, 2015

The Parliament of Luxembourg has approved the draft law and has formalized the framework for Luxembourg transfer pricing legislation and...

Venezuela: Monthly minimum salary increases

February 6, 2015

The President has declared an increment in the monthly minimum salary (MMS) from VEF 4,889.11 to VEF 5,622.47 on 21st...

Turkey: Draft order to change electronic tax filing

February 6, 2015

The tax administration has issued Draft Order No. 397 on 16th December 2014 regarding a public consultation on electronic tax...

ECJ Rules in Favor of UK on Cross Border Loss Relief

February 5, 2015

The European Court of Justice (ECJ) has ruled in favor of the UK on cross border loss relief, rejecting a...

IMF reports on Costa Rican economy

February 5, 2015

The IMF has concluded its discussions with Costa Rica under Article IV and issued a report on 4 February 2015....

US: Budget Proposals for 2016 Bring Changes to the US Internal Revenue Code (IRC)

February 5, 2015

US fiscal Budget proposals for 2016 have brought some changes to the Internal Revenue Code (IRC) with respect to tax...

Ireland: VAT Rates on Stock Exchange Fees

February 5, 2015

The tax authority of Ireland, the Revenue Commissioners, has updated Part 5.69 of its value-added tax (VAT) manual to explain...

Indonesia: Releases Regulation on New Advance Pricing Agreement

February 5, 2015

The Ministry of Finance in Indonesia has released regulation No. 7/PMK.03/2015 (PMK-07) on the implementation of advanced pricing agreements (APAs)....

Kazakhstan ratifies DTA with Qatar

February 5, 2015

On 30 January 2015, the President of Kazakhstan ratified the double taxation agreement (DTA) with Qatar for the avoidance of...

Slovenia Publishes Monthly Minimum Salary for 2015

February 5, 2015

The Slovenian government has published a Decree in Official Gazette No. 6 of 30 January 2015 increasing the monthly minimum...

Tax Treaty News: January 2015

February 5, 2015

Italy and Jersey On January 26, 2015, the TIEA between Italy and Jersey entered into force. Belgium and Czech Republic...

Canada: Customs can seize foreign exporters’ devalued shipments

February 5, 2015

The new policy is wished to prevent exporters from devaluing shipments destined to Canada and it was declared in late...

Pakistan: Companies operating in Gwadar Free Zone to get 20-year tax holiday

February 5, 2015

The Pakistan government plans to provide a 20-year tax holiday to companies that want to establish their business in Gwadar...

Denmark:  Filing a paper form is no longer possible for companies

February 5, 2015

The Ministry of Taxation announced, on 3 February 2015, a new schedule relating to the digitalization of corporate tax filing....

Nigeria: Penalty and interest rates for unpaid tax has approved

February 5, 2015

The Federal Inland Revenue Service (FIRS) has released the accepted penalty and interest rates to be applied for the year...